Product Trends

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Zurich Starts Offering Telemedicine in Life Insurance Company SME. Apolice, April 8, 2022

The product Vida Empresa Pme now offers employees virtual medical consultations through emergency telemedicine with a general practitioner. The product is aimed at companies with between three to 500 employees. It offers several coverages, such as indemnities for death and disability, assistance, and funeral assistance. (Text in Portuguese)

AXA Becomes the First Insurer in Hong Kong to Offer Green Premium Rebate. Press release, May 12, 2022.

The Green Premium rebate programme offers selected customers 1% of premium rebate if they utilize the eClaim services via the Emma by AXA app. The eClaim services are accessible 24/7 and there is no maximum claim amount limit.

Blue Offers Group Medical Insurance for SMEs. Hong Kong Business, April 27, 2022.

WeMedi Group Medical Protector is a group medical insurance plan designed to provide SMEs an affordable option of medical care for employees. It is available to companies with a minimum of three employees and no medical underwriting is required.

AXA Life, AXA Direct Life, and AXA Direct ONE Medical Have Been Added to "Income Support Rider A for Continuous Hospitalization." Press release, May 26, 2022.

The new riders are "Continuing Hospitalization Income Support Rider A" and "Specified Disease Lump-sum Payment Benefit Rider A". The "Income Support Rider A. for Continuous Hospitalization" pays "Income Support Benefit" when the prescribed hospitalization continues for 30 days or more. Benefits can be set up to a maximum of 1.2 million yen (if 200,000 yen is specified as the monthly benefit). The "Special Contract A for Lump-sum Payments for Specified Diseases" is a lump-sum payment for 11 diseases that fall under a predetermined condition or when an organ transplant is performed. (Text in Japanese)

mTek In Deal to Offer Affordable Health Insurance. Business Daily, June 23, 2022.

The Umatter international private healthcare plan will be available for Sh200,000 per person annually. The plan offers the flexibility to add opti-denti matters and/or wellness matters to their individual plan.

Unum’s New Cancer Assist Service the Latest Standout Feature of Life Insurance Offering. IFA Magazine, May 12, 2022.

Cancer Assist offers support for customers at any stage of the cancer journey from pre diagnosis, during, and post treatment. Unum has partnered with cancer expert Reframe, their client navigators are available via phone, email, or via the Web.

Empathy and New York Life Group Benefit Solutions Partner to Provide Bereavement Care to More Employees. Press release, June 14, 2022.

The agreement is an expansion of the partnership announced between Empathy and New York Life last year to provide beneficiaries with logistical and emotional support after the loss of their loved ones. The partnership will provide support to Group Benefit Solutions' employer clients and their employees through Empathy's app.

Insurtech Pendella Technologies Launches Simploy's Custom-branded Individual Life Insurance Solution in 90 minutes. Globe Newswire, June 22, 2022.

Simploy has partnered with Pendella Technologies to offer individual life insurance. Simploy’s clients can expand their employee offerings to include individual life insurance.

Symetra Expands Its Group Benefits Solutions with the Symetra Enrollment Platform, powered by Selerix. Press release, June 21, 2022.

The Symetra Enrollment Platform is fully customizable. The simple-to-use, mobile-friendly platform is designed to enhance the employee enrollment experience. The platform offering 24/7 service and an intuitive HR management dashboard.

Life Insurtech Afficiency Announces Partnership with WrightLife Insurance Group to Launch GetMeCoveredNow.com. Accesswire, June 7, 2022.

This partnership will allow GetMeCoveredNow.com to white-label and distribute the term life product developed by Afficiency and SBLI (The Savings Bank Mutual Life Insurance Company of Massachusetts). Employers and individuals will benefit from a seamless digital application process.

Chubb Launches New Hospital Indemnity Product, Offering Employers Greater Plan Customization. Press release, April 13, 2022.

Hospital Cash is a hospital indemnity product that includes more than 40 optional benefits designed to provide coverage beyond what many traditional hospital indemnity products offer. It provides employers with greater flexibility to customize employee benefits. Hospital Cash offers options for Inpatient Specialty Care, Newborn Nursery and Maternity follow -ups, and Pet and Family Care.

Sidecar Health Launches New Group Fully Insured Health Insurance Product for Employers with 51 or more Employees. Press release, April 11, 2022.

Sidecar Health Launches New Group Fully Insured Health Insurance Product for Employers with 51 or more Employees.
The product also includes a Sidecar Health VISA card that lets employees pay their providers upfront, with none of the traditional insurance paperwork hassles.

Nova Benefits Rolls Out an Inclusive Health Insurance Cover for Companies. Human Capital, April 14, 2022.

Nova Benefits has rolled out LGBTQIA+ or Same-Sex Corporate Health Insurance cover for companies. As a part of the LGBTQIA+ corporate health insurance cover offered via Nova Benefits, an employee can enrol their same-sex partner as a dependant, along with other immediate family members.